MARC Record from Library of Congress

LEADER: 02110nam a22003377a 4500
001 2005615261
003 DLC
005 20050106085031.0
007 cr |||||||||||
008 050106s2004 mau sb 000 0 eng
010 $a 2005615261
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aBeck, Thorsten.
245 10 $aFinance, inequality, and poverty$h[electronic resource] :$bcross-country evidence /$cThorsten Beck, Asli Demirgu-Kunt, Ross Levine.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004
490 1 $aNBER working paper series ;$vworking paper 10979
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/6/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions about the impact of financial development on changes in income distribution and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the incomes of the poor. Countries with better-developed financial intermediaries experience faster declines in measures of both poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse causality"--National Bureau of Economic Research web site.
650 0 $aFinance$zDeveloping countries.
650 0 $aIncome distribution$zDeveloping countries.
650 0 $aPoverty$zDeveloping countries.
700 1 $aDemirgüç-Kunt, Aslı,$d1961-
700 1 $aLevine, Ross.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10979.
856 40 $uhttp://papers.nber.org/papers/W10979